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The USD extends losses in early Europe........>

FOREX
FOREX: The USD extends losses in early Europe allowing EUR & GBP to print
session highs. EURUSD lifts to $1.1474 with near-term resistance at $1.1485 from
the 100-dma. It's also worth mentioning of the very large optional expiry
interest for today's NY cut. Standouts from $1.1400(E1.71bn),
$1.1435-40(E1.77bn), $1.1445-55(E2.37bn), $1.1460-65(E855mn),
$1.1475-85(E1.16bn), $1.1500(E2.44bn). GBPUSD nears $1.27, a level it has failed
to build on this week. 

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